Reported Earnings • Apr 28
Full year 2026 earnings released: EPS: JP¥492 (vs JP¥73.50 in FY 2025) Full year 2026 results: EPS: JP¥492 (up from JP¥73.50 in FY 2025). Revenue: JP¥110.9b (flat on FY 2025). Net income: JP¥12.4b (up JP¥10.6b from FY 2025). Profit margin: 11% (up from 1.7% in FY 2025). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 74% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 27
Chuo Spring Co.,Ltd., Annual General Meeting, Jun 18, 2026 Chuo Spring Co.,Ltd., Annual General Meeting, Jun 18, 2026. Duyuru • Apr 21
Chuo Spring Co.,Ltd. to Report Fiscal Year 2026 Results on Apr 27, 2026 Chuo Spring Co.,Ltd. announced that they will report fiscal year 2026 results on Apr 27, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 04 June 2026. Payout ratio is a comfortable 12% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Reported Earnings • Feb 03
Third quarter 2026 earnings released: EPS: JP¥403 (vs JP¥62.13 in 3Q 2025) Third quarter 2026 results: EPS: JP¥403 (up from JP¥62.13 in 3Q 2025). Revenue: JP¥29.1b (flat on 3Q 2025). Net income: JP¥10.2b (up JP¥8.59b from 3Q 2025). Profit margin: 35% (up from 5.4% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 69% per year whereas the company’s share price has increased by 71% per year. Duyuru • Dec 03
Chuo Spring Co.,Ltd. to Report Q3, 2026 Results on Feb 02, 2026 Chuo Spring Co.,Ltd. announced that they will report Q3, 2026 results on Feb 02, 2026 New Risk • Dec 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (5.6% average weekly change). Large one-off items impacting financial results. Declared Dividend • Nov 27
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 30th March 2026 Payment date: 4th June 2026 Dividend yield will be 1.7%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 71% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 31
Second quarter 2026 earnings released: EPS: JP¥28.78 (vs JP¥10.74 in 2Q 2025) Second quarter 2026 results: EPS: JP¥28.78 (up from JP¥10.74 in 2Q 2025). Revenue: JP¥27.8b (flat on 2Q 2025). Net income: JP¥726.0m (up 168% from 2Q 2025). Profit margin: 2.6% (up from 1.0% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 26 November 2025. Payout ratio is a comfortable 59% and the cash payout ratio is 77%. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.0%). Duyuru • Sep 02
Chuo Spring Co.,Ltd. to Report Q2, 2026 Results on Oct 30, 2025 Chuo Spring Co.,Ltd. announced that they will report Q2, 2026 results on Oct 30, 2025 New Risk • Jul 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 2.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥24.26 (vs JP¥38.71 in 1Q 2025) First quarter 2026 results: EPS: JP¥24.26 (down from JP¥38.71 in 1Q 2025). Revenue: JP¥26.3b (up 3.1% from 1Q 2025). Net income: JP¥612.0m (down 37% from 1Q 2025). Profit margin: 2.3% (down from 3.8% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 29th September 2025 Payment date: 26th November 2025 Dividend yield will be 2.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (20% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,750, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 173% over the past three years. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Executive Officer, Head of Sales and Procurement Function & Director Koji Yonekura was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jun 21
Full year 2025 earnings released: EPS: JP¥73.50 (vs JP¥78.81 in FY 2024) Full year 2025 results: EPS: JP¥73.50 (down from JP¥78.81 in FY 2024). Revenue: JP¥110.2b (up 9.1% from FY 2024). Net income: JP¥1.86b (down 6.8% from FY 2024). Profit margin: 1.7% (down from 2.0% in FY 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Duyuru • Jun 03
Chuo Spring Co.,Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Chuo Spring Co.,Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • Apr 25
Full year 2025 earnings released: EPS: JP¥73.50 (vs JP¥78.81 in FY 2024) Full year 2025 results: EPS: JP¥73.50 (down from JP¥78.81 in FY 2024). Revenue: JP¥110.2b (up 9.1% from FY 2024). Net income: JP¥1.86b (down 6.8% from FY 2024). Profit margin: 1.7% (down from 2.0% in FY 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 24
Chuo Spring Co.,Ltd., Annual General Meeting, Jun 19, 2025 Chuo Spring Co.,Ltd., Annual General Meeting, Jun 19, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,389, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 118% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 05 June 2025. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%). Duyuru • Mar 04
Chuo Spring Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2025 Chuo Spring Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2025 Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: JP¥62.13 (vs JP¥1.98 in 3Q 2024) Third quarter 2025 results: EPS: JP¥62.13 (up from JP¥1.98 in 3Q 2024). Revenue: JP¥29.0b (up 6.4% from 3Q 2024). Net income: JP¥1.57b (up JP¥1.52b from 3Q 2024). Profit margin: 5.4% (up from 0.2% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Dec 03
Chuo Spring Co.,Ltd. to Report Q3, 2025 Results on Jan 30, 2025 Chuo Spring Co.,Ltd. announced that they will report Q3, 2025 results on Jan 30, 2025 Declared Dividend • Nov 27
First half dividend of JP¥14.00 announced Shareholders will receive a dividend of JP¥14.00. Ex-date: 28th March 2025 Payment date: 5th June 2025 Dividend yield will be 2.2%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥10.74 (vs JP¥24.16 in 2Q 2024) Second quarter 2025 results: EPS: JP¥10.74 (down from JP¥24.16 in 2Q 2024). Revenue: JP¥27.7b (up 5.3% from 2Q 2024). Net income: JP¥271.0m (down 56% from 2Q 2024). Profit margin: 1.0% (down from 2.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.5%). Duyuru • Aug 28
Chuo Spring Co.,Ltd. to Report Q2, 2025 Results on Oct 30, 2024 Chuo Spring Co.,Ltd. announced that they will report Q2, 2025 results on Oct 30, 2024 Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥38.71 (vs JP¥31.84 in 1Q 2024) First quarter 2025 results: EPS: JP¥38.71 (up from JP¥31.84 in 1Q 2024). Revenue: JP¥25.5b (up 6.3% from 1Q 2024). Net income: JP¥977.0m (up 22% from 1Q 2024). Profit margin: 3.8% (up from 3.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Declared Dividend • Jul 11
Final dividend of JP¥12.50 announced Shareholders will receive a dividend of JP¥12.50. Ex-date: 27th September 2024 Payment date: 27th November 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥78.81 (vs JP¥19.24 in FY 2023) Full year 2024 results: EPS: JP¥78.81 (up from JP¥19.24 in FY 2023). Revenue: JP¥101.0b (up 8.8% from FY 2023). Net income: JP¥1.99b (up 314% from FY 2023). Profit margin: 2.0% (up from 0.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Duyuru • Jun 17
Chuo Spring Co.,Ltd. to Report Q1, 2025 Results on Jul 30, 2024 Chuo Spring Co.,Ltd. announced that they will report Q1, 2025 results on Jul 30, 2024 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,154, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 4.3% over the past three years. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: JP¥78.81 (vs JP¥19.24 in FY 2023) Full year 2024 results: EPS: JP¥78.81 (up from JP¥19.24 in FY 2023). Revenue: JP¥101.0b (up 8.8% from FY 2023). Net income: JP¥1.99b (up 314% from FY 2023). Profit margin: 2.0% (up from 0.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥1,240, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 31% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.6%). Declared Dividend • Mar 11
Dividend of JP¥8.00 announced Shareholders will receive a dividend of JP¥8.00. Ex-date: 28th March 2024 Payment date: 3rd June 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 81% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.8% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥873, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 5.3% over the past three years. Duyuru • Mar 02
Chuo Spring Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2024 Chuo Spring Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2024 Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: JP¥1.98 (vs JP¥25.12 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥1.98 (up from JP¥25.12 loss in 3Q 2023). Revenue: JP¥27.3b (up 8.6% from 3Q 2023). Net income: JP¥50.0m (up JP¥676.0m from 3Q 2023). Profit margin: 0.2% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Duyuru • Dec 08
Chuo Spring Co.,Ltd. to Report Q3, 2024 Results on Feb 01, 2024 Chuo Spring Co.,Ltd. announced that they will report Q3, 2024 results on Feb 01, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥24.16 (vs JP¥33.47 in 2Q 2023) Second quarter 2024 results: EPS: JP¥24.16 (down from JP¥33.47 in 2Q 2023). Revenue: JP¥26.3b (up 14% from 2Q 2023). Net income: JP¥610.0m (down 27% from 2Q 2023). Profit margin: 2.3% (down from 3.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥8.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 25 November 2023. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.5%). Duyuru • Sep 03
Chuo Spring Co.,Ltd. to Report Q2, 2024 Results on Oct 30, 2023 Chuo Spring Co.,Ltd. announced that they will report Q2, 2024 results on Oct 30, 2023 New Risk • Aug 20
New major risk - Revenue and earnings growth Earnings have declined by 8.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.1% net profit margin). Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥31.84 (vs JP¥10.63 in 1Q 2023) First quarter 2024 results: EPS: JP¥31.84 (up from JP¥10.63 in 1Q 2023). Revenue: JP¥24.0b (up 18% from 1Q 2023). Net income: JP¥804.0m (up 203% from 1Q 2023). Profit margin: 3.3% (up from 1.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.5% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Jul 25
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 94% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.5% net profit margin). Duyuru • Jun 22
Chuo Spring Co.,Ltd. to Report Q1, 2024 Results on Jul 27, 2023 Chuo Spring Co.,Ltd. announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Jun 21
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥19.24 (down from JP¥72.27 in FY 2022). Revenue: JP¥92.8b (up 13% from FY 2022). Net income: JP¥481.0m (down 73% from FY 2022). Profit margin: 0.5% (down from 2.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 28
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥19.24 (down from JP¥72.27 in FY 2022). Revenue: JP¥92.8b (up 13% from FY 2022). Net income: JP¥481.0m (down 73% from FY 2022). Profit margin: 0.5% (down from 2.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 03
Third quarter 2023 earnings released: JP¥25.12 loss per share (vs JP¥37.56 profit in 3Q 2022) Third quarter 2023 results: JP¥25.12 loss per share (down from JP¥37.56 profit in 3Q 2022). Revenue: JP¥25.1b (up 14% from 3Q 2022). Net loss: JP¥626.0m (down 167% from profit in 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Dec 09
Chuo Spring Co.,Ltd. to Report Q3, 2023 Results on Feb 02, 2023 Chuo Spring Co.,Ltd. announced that they will report Q3, 2023 results on Feb 02, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: JP¥33.47 (vs JP¥3.89 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥33.47 (up from JP¥3.89 loss in 2Q 2022). Revenue: JP¥23.1b (up 28% from 2Q 2022). Net income: JP¥834.0m (up JP¥931.0m from 2Q 2022). Profit margin: 3.6% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Ando Yamamoto was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Second quarter 2023 earnings released: EPS: JP¥33.47 (vs JP¥3.89 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥33.47 (up from JP¥3.89 loss in 2Q 2022). Revenue: JP¥23.1b (up 28% from 2Q 2022). Net income: JP¥834.0m (up JP¥931.0m from 2Q 2022). Profit margin: 3.6% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 28 November 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Duyuru • Sep 11
Chuo Spring Co.,Ltd. to Report Q2, 2023 Results on Oct 27, 2022 Chuo Spring Co.,Ltd. announced that they will report Q2, 2023 results on Oct 27, 2022 Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥10.63 (vs JP¥11.64 in 1Q 2022) First quarter 2023 results: EPS: JP¥10.63 (down from JP¥11.64 in 1Q 2022). Revenue: JP¥20.3b (flat on 1Q 2022). Net income: JP¥265.0m (down 8.6% from 1Q 2022). Profit margin: 1.3% (down from 1.4% in 1Q 2022). Over the next year, revenue is forecast to grow 10%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 22
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥72.27 (up from JP¥49.99 in FY 2021). Revenue: JP¥82.1b (up 10.0% from FY 2021). Net income: JP¥1.80b (up 44% from FY 2021). Profit margin: 2.2% (up from 1.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Over the next year, revenue is forecast to grow 9.6%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Jun 16
Chuo Spring Co.,Ltd. to Report Q1, 2023 Results on Jul 28, 2022 Chuo Spring Co.,Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022 Reported Earnings • Apr 30
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥72.27 (up from JP¥49.99 in FY 2021). Revenue: JP¥82.1b (up 10.0% from FY 2021). Net income: JP¥1.80b (up 44% from FY 2021). Profit margin: 2.2% (up from 1.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Over the next year, revenue is forecast to grow 7.1%, compared to a 10% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Outside Director Ando Yamamoto was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 08
Chuo Spring Co.,Ltd. to Report Fiscal Year 2022 Results on Apr 27, 2022 Chuo Spring Co.,Ltd. announced that they will report fiscal year 2022 results on Apr 27, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥37.56 (up from JP¥32.26 in 3Q 2021). Revenue: JP¥22.0b (flat on 3Q 2021). Net income: JP¥936.0m (up 16% from 3Q 2021). Profit margin: 4.3% (up from 3.6% in 3Q 2021). Revenue missed analyst estimates by 5.2%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Oct 29
Second quarter 2022 earnings released: JP¥3.89 loss per share (vs JP¥1.24 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: JP¥18.0b (down 4.1% from 2Q 2021). Net loss: JP¥97.0m (down 413% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 26 November 2021. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 01
First quarter 2022 earnings released: EPS JP¥11.64 (vs JP¥24.17 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥20.3b (up 59% from 1Q 2021). Net income: JP¥290.0m (up JP¥894.0m from 1Q 2021). Profit margin: 1.4% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Jun 23
Full year 2021 earnings released: EPS JP¥200 (vs JP¥65.50 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥74.7b (down 11% from FY 2020). Net income: JP¥1.25b (down 24% from FY 2020). Profit margin: 1.7% (down from 2.0% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,116, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 16x in the Auto Components industry in Japan. Total returns to shareholders of 36% over the past three years. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥200 (vs JP¥65.50 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥74.7b (down 11% from FY 2020). Net income: JP¥1.25b (down 24% from FY 2020). Profit margin: 1.7% (down from 2.0% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 02 June 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.9%). Duyuru • Mar 04
Chuo Spring Co.,Ltd. to Report Fiscal Year 2021 Results on Apr 27, 2021 Chuo Spring Co.,Ltd. announced that they will report fiscal year 2021 results on Apr 27, 2021 Is New 90 Day High Low • Mar 01
New 90-day high: JP¥3,265 The company is up 11% from its price of JP¥2,954 on 01 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 18% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥129 (vs JP¥121 in 3Q 2020) The company reported a solid third quarter result with improved earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: JP¥22.1b (flat on 3Q 2020). Net income: JP¥805.0m (up 5.9% from 3Q 2020). Profit margin: 3.6% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Duyuru • Nov 29
Chuo Spring Co.,Ltd. to Report Q3, 2021 Results on Feb 01, 2021 Chuo Spring Co.,Ltd. announced that they will report Q3, 2021 results on Feb 01, 2021 Duyuru • Sep 04
Chuo Spring Co.,Ltd. to Report Q2, 2021 Results on Oct 28, 2020 Chuo Spring Co.,Ltd. announced that they will report Q2, 2021 results on Oct 28, 2020